Dixon Technologies IPO oversubscribed 112 times till 3.45 pm while the initial public offer of Bharat Road Network was oversubscribed 1.66 times at around the same time on the last day of bidding on Friday.

Disappointing update on the progress of the southwest monsoon played on investor sentiment, resulting in intermittent bouts of volatility.

The India Meteorological Department (IMD) said that cumulative area weighted rainfall for the country as a whole till September 5, 2017 was 5 per cent below normal.

Asian peers Hang Seng closed higher by 0.53 per cent on Friday, while Nikkei and Shanghai settled down by 0.63 per cent and 0.01 per cent, respectively.

European stocks were trading in red as investors eye the impact of Hurricanes Harvey, Irma and Jose. The European Central Bank (ECB) held interest rates steady at 0 per cent on September 7, 2017. FTSE 100 index was down 0.43 per cent at 7365 in the late morning trade.